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billion dollars from hurricane katrina. i mean, this is an agency that cannot manage itself. the inspector general wrote a long report last year saying the agency is mismanaged, it doesn't have systems in place that can talk to states. they can't talk to each other, they don't have the right computers in place and let me tell you, they are maning more disasters all the time. president obama has called more disasters than any other president in the last 20 years. fema is not the organization. give it to the local states, they're the people who can make these decisions and spend the money wisely. >> neil: i don't dismiss the role of a federal presence disasters like these, but when bottled water can't arrive to a site and folks supposed to weather the storm close, at antithesis of what you're supposed to adopt and send e-mails to people who don't have powers and texts to phone to people who don't have phone service, you can't make this stuff up. >> that's the problem with bureaucracy and not letting states handle this. if anybody can more money, go out to staten island right now. i have frie
water. >> neil: you and i sxi can emember with katrina, big difference in variety of levels. it was the same immediate response that things were under control. the famous heck of a job brownie comment that prompted the initial view, things are under control and not so bad. then we started getting the images, we started seeing more and more. it was not under control. we're seeing the initial response on the part of president and governor christie and mayor bloomberg and governor of new jersey is still speaking to reporters in hoboken. residents who are affected in these areas, you are talking a good game but it ain't happening to me. that is when it turns the tide what do you see happening now if this lingers much longer? >> reporter: first of all, thank you for covering this story. i have been watching other stations, they are not covering this station. a lot of americans saw the instant response, this was a storm that was dealt with and very professional and competent manner and fema and state. now, we are finding out thanks in large part that is not the case. i think a lot
after 9/11, thousands of people with the opposite of katrina because fema had control. giving up on individuals helping neighbors, local government, that is a serious problem and why we are bankrupt. all the money that will go out, there is no money in the paint and -- bank so they will just borrow and print and centralize the power to be in washington dc part of that is bureaucratic and in sufficient. john: thank you for all you have done to wake people up. but i fear we will not have much convince -- success convincing people we don't need fema. even though government fails part instinct leads us to assume washington has the best. they don't. they fail all the time. fema fails constantly. after hurricane hugo one senator called it bureaucratic jackasses to get the hell out of the way. they said prove it but after hurricane andrew even in your times reported it is unclear who was in charge of the relief ever. mikulski said the response was seen as a disaster itself. they said they would fix it then came hurricane katrina and nobles to thousand people died. fema often got in the
kind of initial reaction we got after katrina, 2005. i'm not, again not comparing the gravity of the two event but i am comparing the immediate official response over the handling of these events. what i'm also noting is the distinct difference in the media coverage of 2005 versus this storm in 2012. whether it will be an issue a few days from now. pat? >> it could be. what we are seeing, now that the mayor's moment of let them eat cake pass, with the marathon and by the way, i have yet to see him in staten island. >> he has not been there yet. >> doesn't it tell you everything, the people you interviewed said. there is a political effort to run the clock out. with the media, like they've done on libya. just like they've hidden the truth about libya, hide the truth about this in the service of obama's campaign. let's get it straight. >> fox was the first camera crew to go to staten island to show this and others in the media have gone. you can't ignore it. >> there is a disconnect, the politician want to say everything is okay. rereality is this afternoon. what will they do, h
katrina you have a whole bunch of cars taken off the market because they're not usable and all of a sudden used car prices go up, 10, 20, saw the up 20% reported last week d all the way across, diesel oil. we're going to see i across the state it's not just a northeast issue. >> brenda: gary k, what do you think of that? >> toby is absolutely right. whenever you have shortages with an event like this, especially in highly populated area, lumber, building materials, we can run the gamut here. prices go higher and costs go higher to business and consumers and that will definitively effect an economy. especially still trying to get up. a very tough thing to watch. >> brenda: gary b. is it having an impact or limited and temporary? >> the latter brenda, yes. look, it's the less, less temporary and less limited, i think the closer you were to the northeast. so, people obviously on long island, new jersey are going to feel it the most in spikes in prices and people in california feel it less. toby makes a very good point about insurance rates, but i think back to katrina and i did not see, can't
of cars flooded and destroyed by super storm sandy, it could exceed that of katrina. watch out, coming up a man who sold more than his fair share of cars. cofounder and former ceo of car max on what mr. obama's reelection means for our economy. and a selloff on wall street, a wild ride for commodities, just look at the gold chart. up next off chicago on whether we might see a continuation tomorrow. we are coming right back. liz: several commodities tanks today following the election result. david: phil flynn at the price futures group joins us now. i don't want to barrel th. the lead, but why didn't gold take off? one of the main factors will be continuation of fed values that raise the dollar value of gold. why didn't it pop more than it did? >> i think because of the concerns over europe. when we are concerned about europe it is always bearish for gold. why is that? if the euro zone falls apart, wanting to have a value is gold. that we have even seen is a possibility of a way out of this mess. even talking "wall street journal" the possibility of goldbach eurobonds as a solution to try
,000 tons which is the weight of the u.s. space station out in outer space. i covered katrina and the debris buildup in katrina, we interview the new york city fire chief and former fire chief that oversaw 9/11 and also the chief of sanitation, this clean-up is bigger than 9/11 and bigger than katrina. what we're seeing throughout the day, 1800 trucks, sanitation trucks working around the clock, full tilt since sandy struck and removing garbage and debris to bring it out of state into pennsylvania and basically you will see publicly traded companies bidding on it, private companies, garbage companies bidding on it because as you know one man's trash is another man's treasure. we will be doing live updates throughout the day. liz: the concept of rebuilding is a twist on the broken windows theory. i am making a stretch, but hopefully there is some type of silver lining from all of this. from sandy to sliding for the fiscal cliff, my next guest says it is time to take risk off the table and protect your portfolio. david joy, risk away, the chief market strategist with sixth thirty-one billion d
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katrina days and now we hear good things about the matter. neil: you can say we are on top of something. but generally, itimplies you're telling the truth. so if you're going to make a speech to say things are good, well, things better be good. because otherwise, you are lying. doesn't that ring true for ths staten island resident who joins usn the phone. marianne, how are things going? >> things are not any better, neil. still the same in staten island. we were abandoned yesterday. with that nor'easter came in, fema closes their doors due to weather conditions. over a week since the storm. neil: what is the relief center supposed to do? >> are you talking about fema? neil: the fema center. >> it gives people in staten island to go there and talk to representatives and people. there is a gn on the door that says that fema is close to the weatherford really? that's what they're telling people? these are people that don't have any homes, electricity or lights and no ple to go. they are put out of their houses. and then they go to a fema center and they are closed due to the weather. it's
and there is a lot of suffering this is our hurricane katrina. we really felt like we were being ignored. the rest of the country was seeing something, but it wasn't us. that dramatically started to chan yesterday and certainly today with secretary napolitano coming, the national ceo of the red cross. >> no doubt. the boots will stop hitting the ground, whether it is the red cross and fema. fema was knocking on doors. [talking over each other] neil: what were they doing when they were knocking on doors? >> giving people desperately needed information and letting them know wat the processes and there were inspectors looking at how to assees the damage to the people can start to get some funding so they can start replacing in putting together their lives. going door-to-door is tremely important. a lot of things that happened today that, you know, need desperately to be done. we are still hurttng. it is a tremendous amount to be done. there are a lot of people are looking for answers and still haven't been gone through. the only backslapping that there should be at all is from the volunteers of the s
in the past, the slow response to hurricane katrina, the formaldehyde ligand trailers purchased for katrina victims to live in. and now it is becoming more and more clear hurricane sandy may well be another example of the government blowing i it's a staten island resident had a same complaints residents of new orleans had seven years ago. where is fema when we need them. other problems that liberal bureaucracy huggers like to ignore. according to a new analysis from the heritage foundation, fema dollars after all taxpayer dollars look more and more like a goody bag, honeypot for presidents to raise. think of them as a political porkbarrel spending agency because that is unfortunately what it has become. the disaster declarations are on the rise. reagan had 28 per year on average. under nine under bill clinton. obama, 153. he takes the cake. heritage foundation rates to put this in perspective in somewhere in america in 2011 disaster occurred every day and a half. so strong it required the intervenon of the federal government because each of these disasters overwhelm the state and the local
says the federal government's response to hurricane sandy is actually worse than that of katrina. how will wall street react to the results of this election? how different will congress actually be? ron christie will join us as well. stay with us, the polls are closing with results now minutes away. we're coming right back. 0t[h7 lou: some good news for coastal residents the northeast still cleaning up after hurricane sandy and under a lack of power and gasoline shortages. forecasters say a nor'easter that has been expected to hit the region tomorrow will be weaker than originally forecast the storm ravaged areas in new york and new jersey still could see high wind gusting 50 miles per hour and storm surges again reaching only 3 feet. mayor michael bloomberg now asking residents of low-lying waterfront areas to evacuate ahead of the storm. meanwhile eight days after the hurricane slammed into the northeast nearly 900 homes and businesses remained without power. rudy giuliani blasted obama and fema over the handling of the hurricane. >> their performance has been abysmal. the presiden
surpass the cost of hurricane katrina which stood $110 billion. when you look at the numbers, basically the power outages in the region from hurricane sandy are about two times more power outages versus what we saw in hurricane katrina. when it comes to the number of homes destroyed, 50% more homes destroid in hurricane sandy versus hurricane katrina cat. hurricane katrina claimed for lives. 1866 people were killed by hurricane katrina. versus 185 deaths from hurricane sandy. destruction and damage governor cuomo may have it right. as to who pays for it? ordinarily the u.s. government picks up 75% of the tab for restoring government services including things like mass transit. as for now both governor cuomo and governor christie of new jersey are saying wait a second we want the federal government to pick up even more of the tab possibly 90% to 100%. governor cuomo is pretty pointed whether or not he will let his state's taxpayers pay any of the costs. here is governor cuomo. >> to try to finance through taxes, would incapacitate the state. my philosophy hasn't changed. tax increases ar
it is expensive and did not work in katrina and expensive to check power lines, concrete utility poles, prepare for 14 foot waves, drone aircraft in hot spots and bigger work crews, utilities and oil 16 times earnings multiple at the highest evaluation in years and there's a reason, when governments put the onus on them to do it, they have to pass along some of which means rating crease last for consumers. cheryl: with the political criticism and another storm in the northeast, is now the time to sell or hold these utilities? travis miller utilities analyst at morningstar joins us now. buying these names under pressure, what do you say? >> if you look at the storm in particular, we think obviously it is a huge storm for utilities, we had eight million plus customers out of power which is among the worst storms we give seen in a long time. we estimate $1 billion of damage to polls, wires and other distribution, transmission assets. we put those in perspective we are talking about utilities here that have among the largest customer baaes in the country and the largest capital bases in the [talkin
, i mean, the pain of losing your home is enormous and you know, after the hurricane katrina, we did hear similar noise with about, well, we shouldn't rebuild the lower 9th ward. in fact, there was never a sweeping federal policy to avoid rebuilding the lower 9th ward and it's been partially rebuilt a a lot of home owners privately made decisions, it's appropriate. on their own, i don't wish to continue with this, i can't do that again. and i think that's probably do something similar here. and let them make their own decisions and don't come in with sweeping policies and create some defenses from new york like colin has, you should not oversimplify oversweeping decisions here. >> weigh in on this, relocate or rebuild. >> there's a couple of interesting points that you brought up. one, if we allow the the government to dictate where people live. where does it stop? are they not allowed to live in the middle of the country in tordo alley, not allowed to live in california where their hou could be consumed by a forest fire not allowed to live along the shores of the mississippi in case
of course now they're talking about a bailout for fema, a bailout after katrina and never paid that back and whatever, 16 billion, the post office lost 16 billion. federal housing administration. >> neil: 16 billion. >> that's a common thing, 16 billion, 16 billion, the number later on. >> a combination. >> neil: and after 16, after 16. >> and listen, of course, they have to find places to stay, it was pretty tight, but it doesn't feel right. i use today stay at the soho grand and when i had more money before the first stock market crash and-- >> a very nice place. >> neil: adam, you clearly feel guilty >> well, because in fact, i stayed at the soho grand last month and i have tsay, i didn't think it was that plush, neil, actually and of course they have-- >> plush? >> that's a great place, man. >> and compared so the some of the other hotels at midtown. >> and hilton gardens inns and marriott residence inns and we're piling on fema which of course has problems and needs to be improved. and this is fun. it's a beautiful picture of the hotel. >> neil: you know, it does come at a time they
of sandy, new jersey and new york were a cold katrina. i believe that it was -- i thought that was a fantastic ." but now, really, all eyes, and i want you to get to this c'mon ohio. everybody is wondering what will happen in ohio. extensive polling. people thinking seriously about where the southern part of the state will go, where the northern part will go. can romney capture the areas that are largely coproducing to act when you look at ohio, what counties will you be watching to mark? what do you think will happen? >> rather than counties got three big cities and counties that surround them. one is cleveland, the democratic stronghold. obviously columbus and cincinnati, which is more republican. at the end of the day here, this is a state that has a tendency to switch. you have to remember that governor casey won the governorship. george w. bush won the presidency back again in 2004 in ohio. it is the bellwether. it's not just -- everybody always wants to say no republican has ever won -- well, no democrat has ever won either. can be lost to nixon in 1960, but otherwis
to katrina and 9/11? >> i work 9/11, logistically it was a recovery operation. logistically the scale is not a comparison. >> it is already a challenge to get garbage and debris and of the peninsula, certainly at long island and when the power gets back up. and the first file created here out of the dozen or so, we are seeing furniture basically personal items from households with a crane is working. >> the walls and mementos and photos, and sitting in these files. >> and white where a plants, the next island boardwalk. >> from the break -- >> the epa, whatever they checking for. and capturing chemicals, we have air monitoring going on with the health department. >> this is a hazardous waste site. >> being closely monitored, on the oversight. >> we have families trying to show up to retrieve personal items. >> people will come in and when they see the scope of what is going on they realize it is over. >> but this is what happens. we are saying on this story, giving live updates. back to you. dagen: terrific reporting. good to see you. connell: as president obama for this area over the
was worse than katrina. liz: it is in many respects worse than katrina, more power outages, more homes destroyed. that meeting was a mob last night. people were brought to tears. we only got $150 in insurance checks, 700 people, lashing out at both sides of the aisle, doing things like telling people the air quality is okay when it is not. this is coming at the time when the fiscal cliff negotiations, this shows a perfect example of the distractions focusing on big guzzler sodas or bicycle lanes in new york city when this is what the government should be doing, protecting people from natural disasters. stuart: why would you expect the government to be the best agency to take care of emergencies like this? is the only agency, i understand that the government does not do a good job. why do we expect them to be stellar, efficient performers? liz: clearly lowering expectations shows in disasters like this, people helping each other, charities stepping in and regular people helping each other is what this story was about. what about us? you can't let the story get out of the headlines or be
katrina and 9/11. this is actually a company that charles has talked about before. take a look at how the dollar is faring today. ♪ from local communities to local businesses. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. >> 22 minutes past the hour. i am jamie colby with your fox news minute. some subways are rolling again. none of them are going into lower manhattan which is still without power. long lines to get a shuttle bus into the city. they carry more than 5 million people a day. the commuter railroads are providing service. in the meantime, all fares are waived through midnight tomorrow night. all three new york airports are back in service. even on a limited basis. laguardia was the last to come back online due to flooding. everyone should confirm flights before heading to the airport. president obama and mitt romney are back on the campaign trail. after three days focusing on the federal response to the storm, the president w
on what? >> as we just heard, damage totals are expected to be around 50 billion. katrina around 150 billion images recorded, and out of those damages about 600,000 cars are flood damaged in katrina. we're just looking at that, the areas affected by sandy had a higher population density, higher vehicle population density about 9 million vehicles registered in the area, much higher than katrina, much higher population of dealerships in the area affected by sandy, so you look at those figures had come up with what we saw a very good estimate between 100-250,000. dennis: if people in the area hit by the storm are spending money to fix the storm damage they don't have as much money to spend on used cars. >> very true. what is happening right now, on the national level, the impact in the area might even be more than that. we're in a demand for used vehicles in that supply is very tight and demand has been very strong because consumers had replace vehicles, which by the way the average age of vehicles at a record high. contact the marketing economic conditions that aren't that great. suppl
government. really it is only borrowing the money. that's what they did in katrina. they borrowed up to $20 billion. they blew through 18 billion in katrina. they have 3 billion left and 2.9 billion left. that will go through so quickly in new york and new jersey we're running up to a he had did line here. melissa: when i hear them say they will run out of money does it make a difference? it is your money, my money our audience's money. it is taxpayer dollars. what difference does it make whether it comes from congress or fema? it must matter. >> it almost what fema is doing, microcosm what the federal government does. it prints it and goes into more deficit spending. that is what fema is doing. they don't have the money. they will not be able to pay back 18 billion they already owe. it is kind of fungible. it is all really the system but congress needs to address this. we can't keep on doing this. we can't keep on bailing out fema and saying everything will be fine. we'll plug a hole here or there. melissa: we don't want to leave people who need help. >> no. melissa: are they out of money
katrina was the most costly and 108 billion. new jersey officials say they are extending the deadline for the unveiling and balance and will send in assistance to the storm battered communities. obama likes to talk about killing bin laden. we will talk about the unmentionable. details about the failure to protect the nation's interest and people in the be up. next. follow the wings. lou: it is time for the top talk. we want to address the president this seems to be profoundly challenge by truth and reality. this is the president seeking your approach. listen carefully. >> we knew from the beginning the work would take more than one term. long before the financial crisis hits. >> they have been hammered under this president. the intelligence and the memory of the american people. one month after he took office please listen carefully. >> i will be held accountable. i have four years. one year from now we're starting to make progress. of this is not done in three years it is a one-term proposition. lou: he forgot he would need to terms. >> these are uncomfortable words some say he has l
have seen is a real team. >> it could be become the second most important storm. hurricane katrina was the most costly and 108 billion. new jersey officials say they are extending the deadline for the unveiling and balance and will send in assistance to the storm battered communities. obama likes to talk about killing bin laden. we will talk about the unmentionable. details about the failure to protect the nation's interest and people in the be up. next. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we
billion and it would make it that second costliest storm behind hurricane katrina seven years ago. president obama is scheduled to visit the new york area next thursday to see the recovery operation firsthand. the definition of insanity is doing the same thing over and over and over again. and expecting different results. so how does this apply to obama's next four years in office? the green companies backed by your taxpayer dollars? they just grow and grow. many of them are hemorrhaging cash by the day. others have gone bankrupt altogether. our next guest is you can expect nothing but the same under this administration. a seor fellow joins us now. robert, always a pleasure to have you on the show. we assumed that it was safe to bet that the president would be doubling down on his green debt in his new administration. i hope he takes a different path. because we have seen solynda and beacon power and a123 systems. it has been extraordinarily costly. i think a better path if he is interested in green technology to reform the research and development efforts at the federal level. so
the forced out? >> we saw katrina where officials did crackdown to deliver generators. but it will be difficult for officials to do all lot about these. the deals are through e-mail it is the free market is somebody is willing to spend $40 it is the free-market. gerri: look at the map of gas prices. what it do see coming? >> for the country they will go down. here they are going up in the northeast but even regionally prices will start to go down as we approach thanksgiving. gerri: we talk about your web site. low-key at what stage dense offer gas is a nice thing to know. >> we came together did this on saturday afternoon. great results. 3 million page views so far. people are desperately looking. we are trying to build avoid to give anze desire just to3 give the 8,000 -- 80,000 updates at least all gas stations have had one update for anybody can update. gerri: is the amount of gas stations that actually have gas for the that is what you really want. thank you for coming on. major airline scrapping flights in and out of the new york area with the sec and stormed into
Search Results 0 to 49 of about 99 (some duplicates have been removed)